Milost injects $350m into Japaul Oil to expand oil service, mining businesses

Japaul Oil & Maritime Services Plc has received a financing facility of $350 million from Milost Global Incorporated aimed to expand its operations. The financing...

Electric vehicles won’t affect oil demand anytime soon – OPEC chief

OPEC Secretary General Mohammed Barkindo in an interview with Platts has revealed the group and its 14 members' stance ahead of the challenge to...

$1.3b facilities, 20,000 jobs at risk as delays stall major upstream projects

If a new upstream project is not approved after the completion of the Egina Floating Production Storage Offloading (FPSO) vessel, ship repair and fabrication...

Investment delays may cause Nigeria to lose LNG market share – Attah

The Managing Director/Chief Executive Officer, Nigeria LNG Limited (NLNG), Tony Attah, while speaking at the Nigeria International Petroleum Summit in Abuja, said the delay...

NNPC GMD lauds progress at Azikel refinery in Bayelsa

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has lauded the progress of work at the Azikel Refinery site...

Kachikwu says Nigeria needs $100b oil investments in five years

The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu on Thursday while speaking at the closing ceremony of the first Nigerian International Petroleum...

FG in talks with CBN, IFC, NSIA to finance modular refineries

The federal government on Wednesday said it was talking with potential financiers, including the Central Bank of Nigeria (CBN), International Finance Corporation (IFC) and...

Various Nigerian oil grades trade as April crude programmes emerge

Nigerian April crude programmes have begun to emerge just as there was a flurry of trades for various Nigerian oil grades, Reuters reports. Nigerian programmes...

Total boss urges Nigerian oil producers to reduce crude production costs

The Managing Director/Chief Executive, Total E&P Nigeria, Nicolas Terraz, while speaking during the ongoing Nigeria International Petroleum Summit, holding in Abuja, said oil producers...

Hyundai Heavy wins $58m order to build LPG tanks for Dangote refinery

South Korea’s largest shipbuilder Hyundai Heavy Industries Co. (HHI) has won a $58 million deal to build liquefied petroleum gas (LPG) storage tanks for...

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